Spokespeople for the companies declined to comment or didn’t respond to requests for comment outside of normal business hours. CBS News reported the dinner earlier Tuesday.
The White House listed a private dinner hosted by Trump at 7:30pm local time on the president’s daily public schedule.The dinner comes as Trump faces rising political pressure on the economy and affordability — issues that anchored Democratic electoral wins in New Jersey and Virginia last week.
Trump boosted his support among Wall Street’s elite in the 2024 campaign with promises to lower taxes and enact sweeping deregulation that spurred optimism over his economic agenda. While Trump signed into law a tax cut measure that made permanent many provisions favoured by business and has moved to scale back government regulations, other policies have tested that relationship.
Trump’s sweeping country-by-country and sectoral tariffs have rattled financial markets and raised costs on imported goods. His attacks on Federal Reserve Chair Jerome Powell have raised worries about the autonomy of the central bank. And a crackdown on immigration, including new high fees for visas designed to bring in top talent, risks straining the labour supply for businesses.
The president has also targeted banks over what he’s termed political discrimination, acting against practices that he said caused some conservatives to be denied access to financial services for ideological reasons, even as the nation’s top financial institutions have denied rejecting business on such grounds.
Trump and Dimon have had an at times contentious relationship, but the two have tempered their remarks more recently. The president and CEO met in July at the Oval Office, where the two discussed the economy and regulation.
Trump has touted visits by other corporate leaders to the White House throughout his term to highlight domestic projects as he looks to bolster manufacturing at home.
In September, he held a dinner with tech industry executives, including Meta Platforms Inc.’s Mark Zuckerberg and Apple Inc.’s Tim Cook, that saw Silicon Valley leaders pledge to boost investments in the US, in particular on artificial intelligence, a sector the administration has sought to bolster.
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